Hilton Grand Vacations (HGV) Rating Increased to Hold at Zacks Investment Research

Hilton Grand Vacations (NYSE:HGV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Hilton Grand Vacations Company, LLC, a division of Hilton Worldwide, is engaged in hospitality business. It markets and operates vacation ownership resorts. The company also manages and serves club membership programs which include Hilton Grand Vacations Club(R) and The Hilton Club(R). It operates primarily in USA, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland and Thailand. Hilton Grand Vacations Company, LLC is headquartered in Orlando, Florida. “

HGV has been the subject of a number of other reports. Jefferies Financial Group assumed coverage on Hilton Grand Vacations in a report on Monday, July 16th. They issued a “hold” rating and a $38.00 price target for the company. ValuEngine downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, JPMorgan Chase & Co. lowered their price target on Hilton Grand Vacations from $47.00 to $39.00 and set a “buy” rating for the company in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $42.60.

NYSE:HGV traded down $0.11 on Tuesday, reaching $30.03. 19,547 shares of the company’s stock were exchanged, compared to its average volume of 1,401,895. The company has a debt-to-equity ratio of 2.38, a current ratio of 4.69 and a quick ratio of 3.63. The firm has a market capitalization of $2.90 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.99 and a beta of 1.37. Hilton Grand Vacations has a 52-week low of $26.20 and a 52-week high of $47.75.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The business had revenue of $427.00 million during the quarter, compared to analyst estimates of $429.21 million. Hilton Grand Vacations had a net margin of 20.01% and a return on equity of 45.87%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Analysts expect that Hilton Grand Vacations will post 3.01 EPS for the current fiscal year.

In other news, Director Leonard Potter acquired 25,000 shares of Hilton Grand Vacations stock in a transaction on Wednesday, August 15th. The stock was bought at an average price of $31.98 per share, for a total transaction of $799,500.00. Following the completion of the purchase, the director now owns 58,135 shares in the company, valued at $1,859,157.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark D. Wang acquired 16,000 shares of Hilton Grand Vacations stock in a transaction on Wednesday, August 15th. The stock was purchased at an average price of $31.91 per share, with a total value of $510,560.00. Following the purchase, the insider now owns 328,481 shares of the company’s stock, valued at approximately $10,481,828.71. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Westpac Banking Corp raised its holdings in shares of Hilton Grand Vacations by 50.6% during the 2nd quarter. Westpac Banking Corp now owns 78,457 shares of the company’s stock valued at $2,722,000 after buying an additional 26,370 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Hilton Grand Vacations during the third quarter valued at about $611,000. Chicago Equity Partners LLC raised its holdings in shares of Hilton Grand Vacations by 10.0% during the second quarter. Chicago Equity Partners LLC now owns 92,495 shares of the company’s stock valued at $3,210,000 after purchasing an additional 8,375 shares during the period. Sfmg LLC acquired a new position in shares of Hilton Grand Vacations during the second quarter valued at about $972,000. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Hilton Grand Vacations during the second quarter valued at about $1,142,000. Institutional investors own 95.84% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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